A more general model of price complexity
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ijindorg.2019.102563
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Chioveanu, Ioana, 2018. "A more general model of price complexity," MPRA Paper 87466, University Library of Munich, Germany.
References listed on IDEAS
- Ioana Chioveanu & Jidong Zhou, 2013.
"Price Competition with Consumer Confusion,"
Management Science, INFORMS, vol. 59(11), pages 2450-2469, November.
- Ioanna Chioveanu & Jidong Zhou, 2011. "Price Competition with Consumer Confusion," Working Papers 11-19, New York University, Leonard N. Stern School of Business, Department of Economics.
- John Y. Campbell, 2016.
"Restoring Rational Choice: The Challenge of Consumer Financial Regulation,"
American Economic Review, American Economic Association, vol. 106(5), pages 1-30, May.
- John Y. Campbell, 2016. "Restoring Rational Choice: The Challenge of Consumer Financial Regulation," NBER Working Papers 22025, National Bureau of Economic Research, Inc.
- Campbell, John Y., 2016. "Restoring rational choice: The challenge of consumer financial regulation," Working Paper Series 1897, European Central Bank.
- Campbell, John Y., 2016. "Restoring Rational Choice: The Challenge of Consumer Financial Regulation," Scholarly Articles 27413770, Harvard University Department of Economics.
- Nicolas de Roos, 2018. "Collusion with limited product comparability," RAND Journal of Economics, RAND Corporation, vol. 49(3), pages 481-503, September.
- Yiquan Gu & Tobias Wenzel, 2014. "Strategic Obfuscation and Consumer Protection Policy," Journal of Industrial Economics, Wiley Blackwell, vol. 62(4), pages 632-660, December.
- Michele Piccione & Ran Spiegler, 2012.
"Price Competition Under Limited Comparability,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(1), pages 97-135.
- Piccione, Michele & Spiegler, Ran, 2009. "Price Competition under Limited Comparability," MPRA Paper 21427, University Library of Munich, Germany, revised 16 Oct 2009.
- Michele Piccione & Ran Spiegler, 2010. "Price Competition under Limited Comparability," Levine's Working Paper Archive 661465000000001143, David K. Levine.
- Piccione, Michele & Spiegler, Ran, 2011. "Price Competition under Limited Comparability," Foerder Institute for Economic Research Working Papers 275750, Tel-Aviv University > Foerder Institute for Economic Research.
- Chioveanu, Ioana, 2019.
"Prominence, complexity, and pricing,"
International Journal of Industrial Organization, Elsevier, vol. 63(C), pages 551-582.
- Chioveanu, Ioana, 2017. "Prominence, Complexity, and Pricing," MPRA Paper 81078, University Library of Munich, Germany.
- Chioveanu Ioana, 2019. "An Asymmetric Duopoly Model of Price Framing," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 19(2), pages 1-7, June.
- Ali Hortaçsu & Seyed Ali Madanizadeh & Steven L. Puller, 2017.
"Power to Choose? An Analysis of Consumer Inertia in the Residential Electricity Market,"
American Economic Journal: Economic Policy, American Economic Association, vol. 9(4), pages 192-226, November.
- Ali Hortaçsu & Seyed Ali Madanizadeh & Steven L. Puller, 2015. "Power to Choose? An Analysis of Consumer Inertia in the Residential Electricity Market," NBER Working Papers 20988, National Bureau of Economic Research, Inc.
- Wilson, Chris M., 2010.
"Ordered search and equilibrium obfuscation,"
International Journal of Industrial Organization, Elsevier, vol. 28(5), pages 496-506, September.
- Chris M. Wilson, 2008. "Ordered Search and Equilibrium Obfuscation," Economics Series Working Papers 401, University of Oxford, Department of Economics.
- Kalaycı, Kenan, 2015. "Price complexity and buyer confusion in markets," Journal of Economic Behavior & Organization, Elsevier, vol. 111(C), pages 154-168.
- Ran Spiegler, 2016. "Choice Complexity and Market Competition," Annual Review of Economics, Annual Reviews, vol. 8(1), pages 1-25, October.
- Michael Grubb, 2015.
"Failing to Choose the Best Price: Theory, Evidence, and Policy,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 303-340, November.
- Michael D. Grubb, 2015. "Failing to Choose the Best Price: Theory, Evidence, and Policy," Boston College Working Papers in Economics 878, Boston College Department of Economics.
- Partha Dasgupta & Eric Maskin, 1986. "The Existence of Equilibrium in Discontinuous Economic Games, I: Theory," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(1), pages 1-26.
- Carlin, Bruce I., 2009. "Strategic price complexity in retail financial markets," Journal of Financial Economics, Elsevier, vol. 91(3), pages 278-287, March.
- Michael R. Baye & John Morgan & Patrick Scholten, 2006. "Information, Search, and Price Dispersion," Working Papers 2006-11, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Glenn Ellison & Alexander Wolitzky, 2012.
"A search cost model of obfuscation,"
RAND Journal of Economics, RAND Corporation, vol. 43(3), pages 417-441, September.
- Glenn Ellison & Alexander Wolitzky, 2009. "A Search Cost Model of Obfuscation," NBER Working Papers 15237, National Bureau of Economic Research, Inc.
- Varian, Hal R, 1980. "A Model of Sales," American Economic Review, American Economic Association, vol. 70(4), pages 651-659, September.
- Mark Armstrong, 2008.
"Interactions between Competition and Consumer Policy,"
CPI Journal, Competition Policy International, vol. 4.
- Armstrong, Mark, 2008. "Interactions between competition and consumer policy," MPRA Paper 7258, University Library of Munich, Germany.
- Heidhues, Paul & Köszegi, Botond, 2018. "Behavioral Industrial Organization," CEPR Discussion Papers 12988, C.E.P.R. Discussion Papers.
- KalaycI, Kenan & Potters, Jan, 2011. "Buyer confusion and market prices," International Journal of Industrial Organization, Elsevier, vol. 29(1), pages 14-22, January.
- Greg Taylor, 2017. "Raising search costs to deter window shopping can increase profits and welfare," RAND Journal of Economics, RAND Corporation, vol. 48(2), pages 387-408, May.
- Susan E. Woodward & Robert E. Hall, 2012.
"Diagnosing Consumer Confusion and Sub-optimal Shopping Effort: Theory and Mortgage-Market Evidence,"
American Economic Review, American Economic Association, vol. 102(7), pages 3249-3276, December.
- Susan E. Woodward & Robert E. Hall, 2010. "Diagnosing Consumer Confusion and Sub-Optimal Shopping Effort: Theory and Mortgage-Market Evidence," NBER Working Papers 16007, National Bureau of Economic Research, Inc.
- Xavier Vives, 2001. "Oligopoly Pricing: Old Ideas and New Tools," MIT Press Books, The MIT Press, edition 1, volume 1, number 026272040x, December.
- Spiegler, Ran, 2014.
"Bounded Rationality and Industrial Organization,"
OUP Catalogue,
Oxford University Press, number 9780199334261.
- Spiegler, Ran, 2011. "Bounded Rationality and Industrial Organization," OUP Catalogue, Oxford University Press, number 9780195398717.
- Rosenthal, Robert W, 1980. "A Model in Which an Increase in the Number of Sellers Leads to a Higher Price," Econometrica, Econometric Society, vol. 48(6), pages 1575-1579, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Chioveanu, Ioana, 2019.
"Prominence, complexity, and pricing,"
International Journal of Industrial Organization, Elsevier, vol. 63(C), pages 551-582.
- Chioveanu, Ioana, 2017. "Prominence, Complexity, and Pricing," MPRA Paper 81078, University Library of Munich, Germany.
- Michael Grubb, 2015.
"Failing to Choose the Best Price: Theory, Evidence, and Policy,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 303-340, November.
- Michael D. Grubb, 2015. "Failing to Choose the Best Price: Theory, Evidence, and Policy," Boston College Working Papers in Economics 878, Boston College Department of Economics.
- Ioana Chioveanu & Jidong Zhou, 2013.
"Price Competition with Consumer Confusion,"
Management Science, INFORMS, vol. 59(11), pages 2450-2469, November.
- Ioanna Chioveanu & Jidong Zhou, 2011. "Price Competition with Consumer Confusion," Working Papers 11-19, New York University, Leonard N. Stern School of Business, Department of Economics.
- Janssen, Aljoscha & Kasinger, Johannes, 2021. "Obfuscation and rational inattention in digitalized markets," SAFE Working Paper Series 306, Leibniz Institute for Financial Research SAFE.
- Wenzel, Tobias, 2024. "Collusion, inattentive consumers and shrouded prices," Journal of Economic Behavior & Organization, Elsevier, vol. 218(C), pages 579-591.
- Yiquan Gu & Tobias Wenzel, 2017.
"Consumer confusion, obfuscation and price regulation,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 64(2), pages 169-190, May.
- Gu, Yiquan & Wenzel, Tobias, 2015. "Consumer confusion, obfuscation, and price regulation," RIEI Working Papers 2015-04, Xi'an Jiaotong-Liverpool University, Research Institute for Economic Integration.
- Hämäläinen, Saara, 2022. "Multiproduct search obfuscation," International Journal of Industrial Organization, Elsevier, vol. 85(C).
- Gu, Yiquan & Wenzel, Tobias, 2020. "Curbing obfuscation: Empower consumers or regulate firms?," International Journal of Industrial Organization, Elsevier, vol. 70(C).
- Timothy J. Richards & Gordon J. Klein & Celine Bonnet & Zohra Bouamra-Mechemache, 2020.
"Strategic Obfuscation and Retail Pricing,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(4), pages 859-889, December.
- Bonnet, Céline & Bouamra-Mechemache, Zohra & Klein, Gordon & Richards, Timothy J., 2016. "Strategic Obfuscation and Retail Pricing," TSE Working Papers 16-733, Toulouse School of Economics (TSE).
- Richards, Timothy J. & Klein, Gordon & Bonnet, Celine & Bouamra-Mechemache, Zohra, 2017. "Strategic Obfuscation and Retail Pricing," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258021, Agricultural and Applied Economics Association.
- Zohra Bouamra & Timothy Richards & Gordon Klein & Céline Bonnet & Zohra Bouamra-Mechemache, 2020. "Strategic Obfuscation and Retail Pricing," Post-Print hal-02902690, HAL.
- Janssen, Aljoscha & Kasinger, Johannes, 2021. "Obfuscation and Rational Inattention in Digitalized Markets," Working Paper Series 1379, Research Institute of Industrial Economics.
- Øystein Foros & Mai Nguyen-Ones & Frode Steen, 2021.
"The Effects of a Day off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailing,"
International Journal of the Economics of Business, Taylor & Francis Journals, vol. 28(1), pages 49-87, January.
- Foros, Øystein & Nguyen-Ones, Mai & Frode, Steen, 2017. "The Effects of a Day Off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailing," Discussion Paper Series in Economics 1/2018, Norwegian School of Economics, Department of Economics.
- Foros, Øystein & Nguyen, Mai Thi & Steen, Frode, 2017. "The Effects of a Day Off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailing," Discussion Papers 2017/9, Norwegian School of Economics, Department of Business and Management Science.
- Steen, Frode & Foros, Øystein & Nguyen-Ones, Mai, 2017. "The Effects of a Day Off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailin," CEPR Discussion Papers 12477, C.E.P.R. Discussion Papers.
- Ewerhart, Christian & Li, Sheng, 2023.
"Imposing Choice on the Uninformed: The Case of Dynamic Currency Conversion,"
Journal of Banking & Finance, Elsevier, vol. 154(C).
- Christian Ewerhart & Sheng Li, 2020. "Imposing choice on the uninformed: the case of dynamic currency conversion," ECON - Working Papers 345, Department of Economics - University of Zurich, revised May 2023.
- Paolo Crosetto & Alexia Gaudeul, 2017.
"Choosing not to compete: Can firms maintain high prices by confusing consumers?,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 26(4), pages 897-922, December.
- Paolo Crosetto & Alexia Gaudeul, 2017. "Choosing not to compete: Can firms maintain high prices by confusing consumers?," Post-Print hal-01845684, HAL.
- Chioveanu, Ioana & Zhou, Jidong, 2009.
"Price Competition and Consumer Confusion,"
MPRA Paper
17340, University Library of Munich, Germany.
- Ioana Chioveanu & Jidong Zhou, 2012. "Price Competition and Consumer Confusion," CEDI Discussion Paper Series 12-08, Centre for Economic Development and Institutions(CEDI), Brunel University.
- Byrne, David P. & Martin, Leslie A., 2021. "Consumer search and income inequality," International Journal of Industrial Organization, Elsevier, vol. 79(C).
- Papi, Mauro, 2018. "Price competition with satisficing consumers," International Journal of Industrial Organization, Elsevier, vol. 58(C), pages 252-272.
- Bruce I. Carlin & Florian Ederer, 2019.
"Search Fatigue,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 54(3), pages 485-508, May.
- Bruce Ian Carlin & Florian Ederer, 2012. "Search Fatigue," NBER Working Papers 17895, National Bureau of Economic Research, Inc.
- Ernst Fehr & Keyu Wu, 2021. "Obfuscation in competitive markets," ECON - Working Papers 391, Department of Economics - University of Zurich, revised Feb 2023.
- Gu, Yiquan & Wenzel, Tobias, 2015.
"Putting on a tight leash and levelling playing field: An experiment in strategic obfuscation and consumer protection,"
International Journal of Industrial Organization, Elsevier, vol. 42(C), pages 120-128.
- Gu, Yiquan & Wenzel, Tobias, 2015. "Putting on a tight leash and levelling playing field: An experiment in strategic obfuscation and consumer protection," DICE Discussion Papers 192, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Hämäläinen, Saara, 2018. "Competitive search obfuscation," Journal of Economic Dynamics and Control, Elsevier, vol. 97(C), pages 38-63.
More about this item
Keywords
Price complexity; Confusion technology; Concavity/convexity; Oligopoly markets;All these keywords.
JEL classification:
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:indorg:v:69:y:2020:i:c:s0167718719300918. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505551 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.